ePlus inc. (NASDAQ:PLUS) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its stake in shares of ePlus inc. (NASDAQ:PLUS) by 39.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,844 shares of the software maker’s stock after purchasing an additional 2,200 shares during the period. Handelsbanken Fonder AB’s holdings in ePlus were worth $479,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PLUS. Castlekeep Investment Advisors LLC acquired a new stake in shares of ePlus during the 4th quarter worth $127,898,000. American Century Companies Inc. grew its position in ePlus by 18.2% during the fourth quarter. American Century Companies Inc. now owns 790,332 shares of the software maker’s stock valued at $58,390,000 after acquiring an additional 121,945 shares during the period. Mirabella Financial Services LLP acquired a new stake in ePlus during the fourth quarter worth about $43,517,000. Northern Trust Corp raised its holdings in shares of ePlus by 8.2% in the 4th quarter. Northern Trust Corp now owns 496,648 shares of the software maker’s stock worth $36,692,000 after purchasing an additional 37,496 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of ePlus by 20.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 226,724 shares of the software maker’s stock worth $16,751,000 after purchasing an additional 38,317 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

ePlus Price Performance

PLUS opened at $68.94 on Monday. ePlus inc. has a 52-week low of $53.83 and a 52-week high of $106.98. The company has a 50 day moving average of $64.91 and a two-hundred day moving average of $69.33. The company has a market cap of $1.83 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.83 and a debt-to-equity ratio of 0.01.

ePlus (NASDAQ:PLUS) last posted its earnings results on Thursday, May 22nd. The software maker reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. ePlus had a net margin of 4.93% and a return on equity of 11.23%. The business had revenue of $498.11 million for the quarter, compared to analyst estimates of $523.85 million. On average, analysts expect that ePlus inc. will post 3.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded ePlus from a “hold” rating to a “buy” rating in a report on Saturday, May 24th.

ePlus Company Profile

ePlus inc., together with its subsidiaries, provides information technology (IT) solutions that enable organizations to optimize their IT environment and supply chain processes in the United States and internationally. It operates through two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally provided and outsourced services; managed services or infrastructure and cloud; and enhanced maintenance support, service desk, storage-as-a-service, cloud hosted and managed, and managed security services; and professional, staff augmentation, cloud consulting, consulting, and security services.